The Difference Between a Wagering Contract and an Insurance Contract

question 11

Multiple Choice

The difference between a wagering contract and an insurance contract is that the insurance contract:

• A)is commercial in nature.
• B)transfers an existing risk.
• C)does not contain an insurable interest.
• D)is between two interested parties.

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Definitions:

Natural Selection

The process by which organisms better adapted to their environment tend to survive and produce more offspring.

Morphologically Different

Having distinct form or structure, especially between groups of organisms or parts of the same organism.

Diverged

Refers to the process where two or more entities become different or develop in different directions, often used in evolutionary biology to describe species.

Interbreed

The mating and reproduction between individuals of different breeds, varieties, species, or genera.